What to Know:
Global remittance leader Western Union (WU) has announced a bold leap into the crypto era in its latest earnings call.
‘We are actively testing stablecoin-enabled solutions in our treasury operations,’ he said, adding that WU is expanding its partnerships and capabilities to enable its customers to move and hold stablecoin digital assets.
‘This is not about speculation. It is about giving our customers more choice and control in how they manage and move their money.’
Western Union handles roughly 70M transfers every quarter and serves more than 150M customers globally, spanning 200+ countries.
By piloting stablecoin settlement, WU aims to slash settlement windows, lower capital costs and increase transparency. As McGranahan put it, ‘we see significant opportunities for us to be able to move money faster with greater transparency and at lower cost without compromising compliance or customer trust.’
Historically, Western Union hesitated to enter the world of crypto due to concerns over volatility, customer protection and regulatory clarity.
Stablecoins aren’t just about speed and cost; they carry real value for users in high-inflation countries or currencies under pressure.
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$BEST powers the platform’s core features – it increases staking rewards, unlocks premium crypto presale access, and lowers transaction fees.
Beyond its wallet functionality, Best Wallet is a central hub for Web3 innovation. In addition to the Best Wallet and $BEST token, the upcoming Best Card will make it easier than ever to use your crypto for everyday purchases.
As Western Union launches its stablecoin pilot and expands partnerships in preparation for stablecoin integration, the company also marks a potential inflection point for global remittances and the broader crypto ecosystem.
And as more institutional players integrate blockchain rails, the opportunities for tokenized infrastructure – and by extension, projects like $BEST – become more compelling.
Always do your own research – this isn’t financial advice.
